Krispy Kreme Q4 revenue beats on productivity initiatives
Overview
Doughnut maker's Q4 revenue beat analyst expectations despite a 2.9% decline yr/yr
Adjusted EPS for Q4 beat analyst expectations
Company's adjusted EBITDA rose 21% yr/yr, driven by productivity initiatives
Outlook
Krispy Kreme expects systemwide sales to grow 2% to 4% in constant currency in 2026
Company plans to open at least 100 shops globally in 2026
Krispy Kreme aims for net leverage ratio at or below 5.5x in 2026
Result Drivers
STRATEGIC CLOSURES - Organic revenue decreased due to closure of underperforming doors
PRODUCTIVITY INITIATIVES - Adjusted EBITDA margin increased due to productivity initiatives and SG&A savings
REFRANCHISING AGREEMENT - Strategic refranchising agreement in Japan contributed to financial flexibility
Company press release: ID:nBw7v0Yzha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $392.40 mln | $386.72 mln (4 Analysts) |
Q4 Adjusted EPS | Beat | $0.09 | $0.03 (4 Analysts) |
Q4 EPS |
| -$0.17 |
|
Q4 Adjusted Net Income | Beat | $15 mln | $5.27 mln (3 Analysts) |
Q4 Net Income |
| -$29.10 mln |
|
Q4 Adjusted EBITDA | Beat | $55.60 mln | $46.02 mln (4 Analysts) |
Q4 Adjusted EBITDA Margin |
| 14.20% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy."
Wall Street's median 12-month price target for Krispy Kreme Inc is $4.48, about 49.7% above its February 25 closing price of $2.99
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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